Trusted IRDAI-Certified
Insurance Partner
Protects businesses from financial losses arising from product recalls, contamination, replacements, and regulatory actions.
What’s Covered
Product Recall Insurance protects businesses from financial losses and reputational damage when a product is found defective or unsafe. It covers recall costs, logistics, legal expenses, and customer notifications, helping organisations respond quickly, comply with regulations, and maintain consumer trust in competitive markets.
Provides protection against costs incurred to remove defective or unsafe products from the market. This includes retrieval, disposal, and replacement expenses, ensuring businesses can act quickly to protect customers and brand reputation.
Covers transportation, storage, and coordination expenses involved in executing a product recall. This ensures efficient recall processes without disrupting operations or causing undue financial strain.
Includes expenses for notifying customers, issuing warnings, and managing communication channels. Timely and professional communication helps maintain consumer trust and reduce reputational impact during a recall event.
Covers legal defence, compliance costs, and regulatory fines related to product recalls. This allows companies to respond to claims and inquiries effectively, maintaining adherence to industry standards and local regulations.
Pays for costs associated with replacing recalled products or issuing refunds to affected customers. This helps businesses manage direct financial liabilities while preserving long term customer relationships.
Provides access to experts for risk assessment, crisis management, and strategic guidance during recalls. Advisory support helps mitigate impact, streamline operations, and maintain brand integrity during challenging events.
Reduces direct costs of product removal and replacements efficiently.
Helps meet statutory and industry product safety obligations effectively.
Protects consumer confidence during product safety incidents reliably.
Includes legal, regulatory, and expert consultancy costs professionally.
Streamlines logistics and communication for efficient product recall.
Tailored policies based on product type, size, and risk exposure.
How to Buy
Evaluate product risk exposure, compare recall coverage options, share manufacturing details, finalize limits, and activate protection smoothly with expert guidance, compliance support, and efficient policy issuance services.
Instant & personalised
No impact on credit score
No hidden fees
Identify product types, safety risks, distribution channels, and potential recall scenarios.
Review recall costs, coverage limits, exclusions, extensions, and insurer claims support.
Provide product information, quality controls, certifications, claims history, and supply chain details.
Confirm terms, complete payment, receive policy documents, and start coverage immediately nationwide.
Faq’s
Product Recall Insurance is ideal for manufacturers, distributors, and retailers whose products could potentially be unsafe or defective. It safeguards against financial losses, operational disruption, and reputational damage while enabling faster corrective action in compliance with regulations.
Coverage includes product retrieval, logistics, disposal, replacement, refunds, customer notifications, legal defence, regulatory fines, and expert advisory services. Costs must relate directly to a product recall caused by defects or safety issues, subject to policy terms and limits.
Product Recall Insurance is not legally required in India, but it is highly recommended for businesses producing or distributing goods. Many clients and regulatory bodies expect risk management measures, and coverage mitigates both financial and reputational exposure.
Yes, most policies cover voluntary recalls initiated by the company to prevent harm or comply with safety standards. Coverage ensures businesses can act proactively without bearing the full cost of operational and logistical expenses.
Absolutely. Policies can be tailored based on product type, volume, distribution network, and risk profile. Customisation ensures relevant protection aligned with operational scale, regulatory requirements, and potential market impact during recall events.
Disha Capital Insurance Brokers Pvt Ltd
Head Office : 404-A, 43 Chiranjiv Tower, Nehru Place, New Delhi – 110019
Contactus@dishainsurance.com
9319222734
